FACTBOX-Indonesia sees 2011 oil output at 970,000 bpd

Indonesia expects crude and condensate production to reach 970,000 barrels per day (bpd) in 2011 on slightly higher output from Cepu and Northwest Java fields, data from the country’s oil and gas regulator BPMIGAS showed.

The former OPEC member will miss its production target of 965,000 barrels per day (bpd) this year after a gas pipeline leakage last month hit production at Chevron Corp’s unit.

Declining output at its ageing fields and sudden shutdowns in oil wells have often derailed the country’s plans to reach annual production targets.

Exxon Mobil Corp expects peak crude oil production of 165,000 bpd from its Cepu block to be delayed until the end of 2013.

Indonesia’s crude/condensate output estimate (barrels per day)

Company                     2010         2011
Chevron Pacific (Sumatra)  373,418     370,000
Pertamina                  130,309     132,000
Total E&P Indonesie         95,194      94,000
ConocoPhillips              61,612      61,000
CNOOC SES Ltd               41,258      40,000
Pertamina Hulu Energi       26,712      31,000
(Offshore Northwest Java)
Kodeco Energy Co Ltd        21,064      29,000
Chevron Indonesia           27,306      23,000
(Makassar Straits)
Medco E&P Indonesia         25,576      23,000
Mobil Cepu Ltd              17,691      20,000
Vico Indonesia              19,425      18,000
PetroChina (Jabung)         18,801      17,400
BOB-Bumi Siak Pusako        17,624      17,000
ConocoPhillips (Grissik)    11,436      11,500
PetroChina (East Java)      10,578      11,300
Others                      60,236      71,800
Total                      957,949     970,000
Source: BPMIGAS

 

Category: ResourceAsia